West Flemish agricultural land remains the most expensive in Flanders despite cooling down

“The period of the large price increases seems to be behind us. You can see that there is a clear cooling down,” says Bart Van Opstal of Notaris.be. For example, the average price of agricultural land in West Flanders fell by 1.2 percent per hectare during the first half of the year.

Larger plots

Moreover, the plots in West Flanders are much larger than in the rest of Flanders. “In times of uncertainty in the agricultural sector, people are less inclined to give high prices for very large plots,” says Van Opstal.

Despite the cooling down, West Flemish agricultural land remains the most expensive in Flanders at 75,300 euros per hectare. This has to do with the large price differences that exist per province and municipality.